Silvercorp Metals (TSE:SVM) Shares Cross Below 50-Day Moving Average of $3.35

Silvercorp Metals Inc. (TSE:SVM – Get Rating)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$3.35 and traded as low as C$3.23. Silvercorp Metals shares last traded at C$3.29, with a volume of 272,347 shares.

Analysts Set New Price Targets

SVM has been the topic of a number of recent research reports. BMO Capital Markets lowered their price objective on Silvercorp Metals from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research note on Monday, May 30th. Raymond James lowered their price objective on Silvercorp Metals from C$6.50 to C$6.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 19th. Finally, Canaccord Genuity Group raised their price objective on Silvercorp Metals from C$6.00 to C$6.25 in a research note on Friday, April 22nd.

Silvercorp Metals Stock Performance

The company has a 50 day moving average price of C$3.35 and a 200-day moving average price of C$4.04. The company has a current ratio of 5.05, a quick ratio of 4.73 and a debt-to-equity ratio of 0.20. The company has a market cap of C$583.38 million and a P/E ratio of 14.95.

Silvercorp Metals (TSE:SVM – Get Rating) last announced its earnings results on Thursday, May 26th. The company reported C$0.06 EPS for the quarter, hitting the consensus estimate of C$0.06. The company had revenue of C$52.68 million for the quarter, compared to analyst estimates of C$54.99 million. On average, equities analysts expect that Silvercorp Metals Inc. will post 0.28 earnings per share for the current fiscal year.

Silvercorp Metals Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, June 24th. Investors of record on Monday, June 6th were issued a $0.016 dividend. The ex-dividend date of this dividend was Friday, June 3rd. This represents a yield of 0.34%. This is a positive change from Silvercorp Metals’s previous Semi-Annual dividend of $0.01. Silvercorp Metals’s dividend payout ratio (DPR) is 11.36%.

About Silvercorp Metals

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Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico.